Question

What is something interesting about the tax treaty between the US and New Zealand?

Answer 1

Something interesting about the tax treaty between USA and New Zealand is the fact that the treaty overrides the income tax law of each country and is based on the OECD model tax treaty. One of the main objectives of the treaty is availability of relief from double taxation. Another interesting aspect of the treaty is that in USA some states recognize the treaty while some states do not recognize the treaty. Thus in case of USA the treaty applies at a federal level. The tax laws promulgated in the treaty also covers income from gains as well.